investors – Author Carlo Carrasco

I Love Israel: Potential Partnership Between Israel And Cebu Chamber Of Commerce And Industry Could Be Achieved

December 4, 2025November 27, 2025carlocarrasco

In the island province of Cebu, Israeli Ambassador Dana Kursh met with officials of the Cebu Chamber of Commerce and Industry (CCCI) and things are looking bright for a potential partnership between the Jewish State (including its investors and capitalists) and the business chamber, according to news reports by Sun.Star Cebu (click here and here).

In the November 20 report, Ambassador Kursh confirmed that Israel is pursuing long-term and mutually beneficial partnerships, and sees potential in Cebu as it is already a crucial part of the economy of the Philippines. For insight, posted below is an excerpt from the report. Some parts in boldface.

ISRAEL sees “tremendous” potential for deeper economic, tourism and innovation partnerships with Cebu, Israel Ambassador to the Philippines Dana Kursh said during a courtesy visit to the Cebu Chamber of Commerce and Industry (CCCI) on Thursday, Nov. 20, 2025.

Kursh, who arrived in the Philippines three and a half months ago, said she chose Cebu for her first business trip outside Manila because of its strategic role in the economy.

“Cebu is a crucial part of the economy of this amazing nation,” she said. “After an hour and a half of discussions with the chamber, I am even more certain that investing in the paradise of Cebu is a must.”

During the engagement, CCCI Jay Yuvallos presented the chamber’s L.E.A.D Agenda. Kursh’s visit was facilitated by the Honorary Consul of Israel to Cebu, Emily Benedicto-Chioson.

Kursh said Israel is pursuing long-term, mutually beneficial partnerships and sees Cebu as well-positioned for collaboration in artificial intelligence, cybersecurity, medical and tourism-related technologies and sustainable solutions.

With nearly 70 percent of Cebu’s economy driven by services, she said Israeli firms are looking closely at the province’s innovation potential. Kursh said one area where Israel can immediately contribute is talent and teacher training.

“We can bring experts to work with your teachers on artificial intelligence, innovation and future skills. This is something we can easily do together,” she said.

Trade, investment prospects – Kursh said Israel aims to revive bilateral trade and investment flows, which had slowed due to global uncertainties. She said trade reached about US$500 million before declining because of the war and other external factors.

“My goal is to raise that again — not alone, but in partnership with the Philippine business community,” she said.

She noted that even at the height of the conflict, Israel’s Economic Minister Nir Barkat visited Manila in July this year and met with Trade Secretary Cristina Roque to advance discussions on a Philippines–Israel Free Trade Agreement.

“Even with war, we must look to the future. And the future is the partnership between our nations,” she said.

Economic Planning Secretary Arsenio Balisacan earlier said any deal that enhances trade would benefit the Philippines, citing potential gains from Israel’s technology and innovation transfer.

In Sun.Star Cebu’s November 23 report, the CCCI showcased to Israel Cebu’s growing tech and startup ecosystem and potential for global partnerships. For insight, posted below is an excerpt from the report. Some parts in boldface.

THE Cebu Chamber of Commerce and Industry (CCCI) has invited the Israeli Embassy and Israeli tech firms to partner in developing its planned innovation hub, saying Israel’s strength in research and development could accelerate Cebu’s push to build a stronger innovation ecosystem.

Speaking at a dialogue with Israel’s Ambassador Dana Kursh on Thursday, Nov. 20, 2025, CCCI president Jay Yuvallos said the chamber is converting the second floor of its building into an innovation hub aimed at supporting startups, strengthening industry–academe links and positioning Cebu as a center for technology-driven growth.

“Across all industries, Israel is a leader in innovation. That is one of our main thrusts — developing an ecosystem for innovation,” Yuvallos said.

He cited Singapore’s rise as an R&D hub, noting how a single foreign research center eventually “overflowed to the whole community and ecosystem.”

Yuvallos said CCCI is pursuing the project aggressively and is “dreaming big,” stressing that a partnership with Israeli companies or the embassy would provide a “big boost” to Cebu’s innovation agenda.

“This is an invitation for the embassy or Israeli companies to be a partner of this innovation hub. Your comments actually make us more confident that we are on the right track,” he said. “We’d love to welcome whatever you want to bring, and we hope to reciprocate the energy and passion you’ve shown.”

He added that the chamber is ready to support Israel’s initiatives in Cebu and ensure that collaboration between Cebu and Israel “works on the ground.”

CCCI is set to open a P20-million Innovation and Startup Hub to accelerate local entrepreneurship and link Cebu’s innovators with global markets.

For the newcomers reading this, I used to work and live in Cebu long before I even visited Israel. I have witnessed the Cebu business community’s determination to modernize and innovate, and their efforts on attracting foreign investors (including direct foreign investment) have been consistently strong. A partnership with Israel and its business community could be realized in the near future benefitting both Cebu and the Philippines as well. Pray to the Lord in support of Israel-Cebu partnership!

To my fellow Filipinos reading this, I encourage you to accept the truth that Israel is the land God designated specifically for the Jewish people (read Genesis 35:10-12) and His command must be followed without hesitation. If you want to be blessed further by the Lord, do so by loving and blessing the Jewish people (Genesis 12:1-3). I did my part when I was in Israel. Also, let me remind you all that the ties between the Jews and Christians are truly biblical!

I encourage you all to pray to the Lord God in support of Israel, to love and bless the Jewish people, and pray for the peace of Jerusalem.

If you truly believe in Lord Jesus, the Holy Spirit and God the Heavenly Father wholeheartedly and you continue to be faithful, you should be aware that Christians are meant to stand united with Israel and love the Jewish people no matter what. You can do your part supporting Israel by donating to Christians United for Israel (CUFI). Do not forget to read the Holy Bible, then pray in tongues to the Lord in the privacy of your room with the door shut.

Always be the fearless and aggressive church of Lord Jesus!

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

Approved Foreign Investment Pledges Fall Down 48.7% In 3rd Quarter

November 21, 2025November 14, 2025carlocarrasco

The flood control corruption scandals connected with the weaker investor sentiment resulted in a 48.7% fall in foreign investment pledges during the 3^rd quarter this year, according a news report by BusinessWorld. It should be noted that Philippines GDP growth for the same quarter slowed down a lot.

To put things in perspective, posted below is an excerpt from the news report of BusinessWorld. Some parts in boldface…

APPROVED foreign investment pledges plunged nearly 50% in the third quarter as investor sentiment soured due to the corruption scandal involving government infrastructure projects, the local statistics agency said.

Preliminary data from the Philippine Statistics Authority (PSA) showed the value of foreign commitments approved by investment promotion agencies (IPAs) fell by 48.7% to P73.68 billion in the July-to-September period from P143.74 billion in same period last year.

However, this was the highest amount of investment pledges since the third quarter of 2024.

Ser Percival K. Peña-Reyes, director of the Ateneo Center for Economic Research and Development, said the decline in approved investments can be attributed to the weaker investor sentiment.

“Tingin ko. Wala pang nakukulong eh (I think so. No one has been imprisoned yet),” he said in a Viber message, when asked if this sharp slump in approved investments will likely persist in the fourth quarter until 2026.

Quarter on quarter, the approved pledges rose by 9.34% from P67.38 billion in the second quarter.

Singapore was the top source of foreign investment pledges in the third quarter with P20.26 billion (27.5%), followed by Japan with P13.59 billion (18.4%) and Cayman Islands with P13.14 billion (17.8%).

Investment commitments from South Korea stood at P5.57 billion (7.6%), while those from China stood at P4.51 billion (6.1%)

PSA data showed the investment pledges were approved by seven IPAs — the Authority of the Freeport Area of Bataan, Bases Conversion and Development Authority (BCDA), Board of Investments (BoI), Clark Development Corp., Clark International Airport Corp., Philippine Economic Zone Authority (PEZA), and Subic Bay Metropolitan Authority.

Let me end this post by asking you readers: What is your reaction to this recent development? What do you think the government must do to convince foreign investors to become more confident about investing in the Philippines? Do you think the investigation and pace of justice related to the flood control corruption scandal is moving too slowly?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Crimson Hotel In Filinvest City Rebrands Into Quest Plus Conference Center, Manila

November 12, 2025November 4, 2025carlocarrasco

Remember the Crimson Hotel located in Filinvest City across Festival Mall? Better get used to calling the premium hotel Quest Plus Conference Center, Manila as a major rebranding happened recently, according to a Manila Bulletin news report. The final message carrying the Crimson Hotel brand was posted on social media on October 27.

To put things in perspective, posted below is an excerpt from the news report of the Daily Tribune. Some parts in boldface…

Announced on October 28 by Chroma Hospitality, Crimson Hotel Filinvest City, Manila officially transforms into Quest Plus Conference Center, Manila. With a refreshed identity, the rebranding promises more comfort, more connections, and more reasons to stay in the South.

“Quest Plus is about giving guests more. More ease, more experiences, and more reasons to come back,” said James Montenegro, country manager of Chroma Hospitality. “With this transformation, guests can expect the same trusted service with a renewed focus on delivering practical comfort and premium value every step of the way.”

The rebrand reinforces Chroma’s vision to make Quest Plus Hotels & Resorts the premium value-driven choice for both business and leisure travelers across the Philippines.

The recent move represents a new chapter for guests travelling to the South, as they can look forward to refreshed rooms, elevated event spaces, and dynamic dining concepts. All are designed to make every stay smart, seamless, and satisfying.

At Quest Plus Manila, guests can expect comfort from freshened rooms and thoughtful amenities that make every stay easy and enjoyable, value-driven by flexible packages for meetings, corporate stays, and family getaways, and more flavors from dining experiences that highlight familiar favorites in the South.

Whether for a quick business trip, a weekend getaway, or a full-scale conference, Quest Plus Conference Center, Manila invites guests to discover South’s new stay destination—one that’s familiar yet excitingly new.

“Alabang has always been a key destination for corporate and leisure travelers,” Montenegro added.

On its official website, Quest Plus Conference Center, Manila posted a welcome message as follows:

Welcome to Quest Plus Conference Center, Manila, your gateway to effortless comfort and rewarding experiences in the heart of Alabang.

Whether you’re here for business, leisure, or a bit of both, you’ll find more than just a place to stay — you’ll find space to connect, unwind, and make every moment count.

Located right within the vibrant Filinvest City, our hotel offers a refreshing balance between work and play, with contemporary guestrooms, elevated dining options, and thoughtfully designed meeting spaces for every kind of traveler.

To know more about Quest Plus Conference Center, Manila, click https://www.questhotelsandresorts.com/manila. You can also visited their Facebook page by clicking https://www.facebook.com/QuestPlusManila. For their Google Maps location, click https://maps.app.goo.gl/y1zEa1tSYc9o3bDYA

Let me end this post by asking you readers: What is your reaction to this recent development? Were you surprised by the rebranding of the premium hotel in Filinvest City? Quest Plus Conference Center, Manila can make Alabang a more attractive destination for tourists and foreign investors?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

I Love Israel: Israeli NGO And Local Partner Support Communities In Northern Cebu

November 11, 2025November 3, 2025carlocarrasco

NATAN Worldwide Disaster Relief – the Israeli-based, all-volunteer, non-profit NGO dedicated to helping people worldwide rebuild their lives with dignity after natural and human-made disasters – provided much needed assistance to people living in northern Cebu in tandem with local partner Operation Blessing Foundation Philippines, the Israeli Embassy announced on social media.

For the newcomers reading this, the entire island province of Cebu was struck hard by an earthquake on September 30, 2025, and the epicenter was off the coast (east) of northern Cebu. The massive earthquake was felt all over the Central Visayas region and in other parts of the Visayas as a whole. That being said, a lot of people living in the northern part of Cebu were affected the most as they were near the epicenter.

To put things in perspective, posted below is the content from the social media post of the Israeli Embassy. Some parts in boldface…

In the aftermath of a 6.9 earthquake that struck Northern Cebu, NATAN-Worldwide Disaster Relief deployed a volunteer team in partnership with Operation Blessing Foundation Philippines, Inc. to support affected communities. The Embassy of Israel in Manila commends their tireless efforts and unwavering commitment to humanitarian service.

Led by Head of Delegation Roni Diamant Avnon, alongside Ofira Ben Shlomo and other dedicated professionals, the team included two medical doctors and three social workers. They opened a free clinic, offering medical checkups and distributing Israeli medications to local residents.

The psychosocial team facilitated mental health support sessions, sharing practical techniques to help individuals and communities cope with trauma, stress, and emotional challenges. These sessions empowered local psychology students, teachers, and health workers to provide care and comfort amid ongoing aftershocks.

The Embassy of Israel in Manila is deeply moved by the resilience and solidarity of the people of Cebu. This mission reflects the enduring friendship between Israel and the Philippines, rooted in compassion, shared humanity, and mutual support.

This newest development shows the continuing growth of Israel-Philippines ties. Many times has Israel provided humanitarian aid and special assistance to victims of disasters here in the Philippines. If your local community badly needs assistance from NATAN, visit them online at https://natanrelief.org/

Long before I visited Israel in 2023, there was a time when I worked and lived in Cebu. While it has been thirteen years since that last time I set food in Cebu, I was disturbed by the news of the September 30 earthquake as I have lots of friends there. As such, to see Israelis (and its local partner) helping Cebuanos affected by the earthquake is deeply inspiring. As some of you already know, I love Israel and the Jewish people in accordance to my uncompromising faith in Lord Jesus.

I encourage you all to pray to the Lord God in support of Israel, to love and bless the Jewish people, and pray for the peace of Jerusalem.

Always be the fearless and aggressive church of Lord Jesus!

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Have You Been To The New Starbucks With Drive-Thru In Filinvest City?

November 10, 2025November 4, 2025carlocarrasco

When Starbucks Philippines opened its newest branch in Filinvest City right across the Filinvest City Central Park in late October, there was a lot of social media buzz as well as discussions within Alabang community members about it ranging from happiness to being concerned.

To be clear, the said Starbucks Filinvest City branch is in a standalone place (no other business establishments beside it as of now) and it is the first-ever Starbucks Drive-Thru in Alabang. Being across Filinvest City Central Park, the coffee shop is a short walk away from East Asia Drive establishments like Parque España, Commercenter and The Mondrian Residences.

*This is what the new standalone Starbucks in Filinvest City looks like.*

*A view within the 2nd floor. There is a lot more space off-camera.*

Although the new Starbucks branch was described as being located along Filinvest Avenue, its front (entrance and exit) is actually located along East Asia Drive as it faces Filinvest City Central Park. It also has its own parking area where motorized customers can park for free. For the Google Maps location, click https://maps.app.goo.gl/MVohqcwfrzRdry9C9

For a clear view of the location of Starbucks Filinvest City, watch the video I recorded and posted below. It is my solo walk video from Commercenter to Starbucks.

The coffee shop operates Monday to Sunday, from 6AM to 11PM.

On November 1, I made my first visit at the place to see it personally. It has a nice interior and the typical Starbucks look on the menus, the counter and display of food and drinks. What caught my attention was how spacious the 2^nd floor was in terms of seats and walking space. The large windows provided visitors nice views of the Filinvest City Central Park and Filinvest Avenue. On that day, I did not order anything as I went there to look and observe.

On November 4, I finally made my first order of coffee by means of drive-thru. Even though there were two vehicles ahead of me, the drive-thru experience at Starbucks near Filinvest City Central Park was pretty smooth lasting less than ten minutes. I had a hot white chocolate mocha.

*The menu displayed during my drive-thru experience.*

As mentioned earlier, there were some people online who expressed concern about how the newest Starbucks branch in Alabang would affect the ambience very near the park which is a popular weekend destination for both local residents and visitors who enjoy the fresh air and open space.

There were those who expressed concern about the anticipated increase of vehicles along East Asia Drive by the park, and the possibility that someday, a long line of cars could be formed in the event a lot of motorists decide to buy coffee via drive-thru. Some commented that more vehicles attracted by Starbucks might make East Asia Drive less friendly and even risky for those who enjoy jogging or biking on the said road.

A few commented that Alabang alone has lots of branches of Starbucks already and I can relate with that. There is a Starbucks Reserve inside Westgate. Alabang Town Center has one (two if you count there other one at Metro Alabang), Molito Lifestyle Complex has one, One Griffinstone building has one, Festival Mall has two, a few in Northgate Cyberzone, and so on.

On the other hand, some people commented that having coffee at Starbucks will somehow boost their chances to visit Filinvest City Central Park which itself has special events during weekends depending on the season and weather conditions. The park has been a special place for Christmas activities (read my 2024 Christmas spectacle at the park by clicking here) and night-time music shows (recently held at The Nest, a special structure that provides a wide roof). For the Google Maps location of Filinvest City Central Park, click https://maps.app.goo.gl/vzt8D9yLzRSVVhae9

Let me end this post by asking you readers: What is your reaction to this recent development? Have you been to Starbucks near Filinvest City Central Park? If you have been there, what do you think about the design of the coffee shop? Have you tried their drive-thru?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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AI Eyed For Integration Into Philippine Government Operations

November 9, 2025November 2, 2025carlocarrasco

During the Asia-Pacific Economic Cooperation (APEC) recently held in South Korea, President Ferdinand “Bongbong” Marcos, Jr., stated that his administration is pursuing artificial intelligence (AI) and integrate it across the agencies of the Philippine government sooner than later, according to a Manila Bulletin news report.

To put things in perspective, posted below is an excerpt from the news report of Manila Bulletin. Some parts in boldface…

President Marcos said his administration is determined to adopt artificial intelligence (AI) across government agencies “as much as we can, as soon as we can,” warning that waiting too long would mean missing out on opportunities for innovation and efficiency.

“You’re missing a chance if you wait,” Marcos told reporters here on Saturday evening, Nov. 1.

“AI is going to come. Parang alon ‘yan, eh. Kahit anong gawin mo, mababasa ka (AI is like a wave — no matter what you do, you’ll get wet),” he added.

The President said the Philippines must quickly learn how to use AI “in the best, secure, and benevolent way” to serve the public, warning that failure to adapt could leave the country behind.

“If you do not learn how to swim, if you do not learn how to use AI properly, may iwanan ka talaga (You’ll be left behind),” he said.

According to Marcos, AI’s rapid evolution makes it necessary for governments to study and apply the technology carefully.

“What AI can do one month ago is different from what AI will be able to do one month from now. That’s why people can’t quite understand it — it learns,” he said.

He described AI as “such a powerful tool” that could transform governance, public service, and economic competitiveness.

“You must take advantage of it as quickly as possible. You have to learn how to use it as quickly as possible,” the President said.

He added that other world leaders in the Asia-Pacific Economic Cooperation (APEC) share the same sense of urgency.

“That’s one of my big takeaways from APEC. All the other leaders as well — they recognize how quickly AI will overwhelm us if we do not learn how to handle it properly,” he said.

Not a one-size-fits-all approach – Asked whether he plans to issue a directive guiding agencies on AI adoption, Marcos said it was too early to impose a blanket policy.

“It’s not yet clear what AI you use for government,” he said.

“Each department has a slightly different AI. We have to learn — we’re still studying,” he added.

The President said the government intends to consult both local and international experts to identify which applications of AI are most useful and which areas require caution.

“We have to talk to the experts — the whole world — and find out what does it do well, what doesn’t it do well,” he said.

Still, Marcos emphasized that AI adoption must be people-centered, helping Filipinos rather than replacing them.

In my opinion, using AI for governance and public service still looks uncertain. Considering how powerful or sophisticated AI has gotten today, it can be prone to abuse by the government. Worse, there is no guarantee right now how to protect human users from getting overwhelmed in the event that AI becomes self-aware and turns rogue against humanity. Just two years ago, GMA Network came up with fake sportscasters (both generated by AI) which caused some controversy here in the Philippines and only reminded people that AI has no soul and no humanity. Apart from being harmful to human workers in the business world, lots of AI applications made errors that affected users in varying ways. AI is currently not so effective in Japan in relation to finding solutions to their rice production problems. Watch and learn from the videos below.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think AI will really be helpful with regards to governance and public service? Do you think Congress should first make a new law and a series of rules covering AI? What safety measures should be taken to protect people in case rogue AI happens? Do you think the AI move is a convenient strategy of the administration to keep people’s attention away from the flood control corruption scandals and the weakening economic growth of the country?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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I Love Israel: Israel Exploring Opportunities Of Cooperation With The Philippines On Tourism, Cybersecurity And More

November 5, 2025October 28, 2025carlocarrasco

During an important discussion with the Manila Bulletin, Israeli Ambassador to the Philippine Dana Kursh stated that the Jewish state and the Philippines are exploring opportunities of cooperation over important topics such as tourism, cybersecurity, trade and direct flights, the newspaper reported.

To put things in perspective, posted below is an excerpt from the news article of the Manila Bulletin. Some parts in boldface…

The Philippines and Israel are exploring “more avenues of cooperation”—including a possible free trade agreement, direct flights between the two countries, and cybersecurity agreements—that will improve the “bond” that has been going strong since World War II, Israel Ambassador to Manila Dana Kursh said on Monday, Oct. 27.

In an exclusive roundtable discussion with The Manila Bulletin, the envoy underscored the importance that Israel puts in the Philippines, citing high-level visits of its ministers for foreign relations, economy, and tourism, as well as its deputy foreign minister.

“That shows that the Israeli government thinks very highly of the Philippines because it is working top down—our Prime Minister said look east and he specifically said also the Philippines and our ministers are coming here to explore more avenues of cooperation,” she said.

“So, this is one time that it relies on the past and it looks at the present and if we are looking at the future there are two things that are important,” she added.

The first, Kursh shared, is the possible free trade agreement (FTA) between the two countries, of which discussions on building the mechanisms have already started in July.

“So, hopefully, there will be a free trade agreement. We are now just finalizing things so, we initially started in July and when it’s done, the potential of bond between the two nations will become even more,” she pointed out.

PH, Israel eye revival of direct flights – Another important component of this relationship is the establishment of direct flights.

Noting the big potential of tourism between the two countries, the ambassador lamented the travel advisory currently raised in Israel by the Philippine government.

“We have to move aside is a travel advisory. I know that tourists are still coming despite the travel advisory, but we need to overcome this challenge and God willing, now with the voices, with the wind of peace from our region, I do hope that the DFA will decide, together with other ministries, will decide to lift this,” she said.

Travel Alert Level 2 is currently raised in Israel, which reminds Filipinos to avoid non-essential travel to the country. This includes, among others, tourism visits, pilgrimages, temporary stays with relatives and friends, volunteer work, sports events, entertainment, and similar activities.

After going past that hurdle, Kursh said the two countries can start discussion two possible options for direct flights, with one options having only direct flights on a certain amount of days a week.

The envoy added they have already met with the country’s flag carrier Philippine Airlines on how the direct flights will benefit the company.

“I do hope that more and more Filipinos will come to Israel and vice versa more and more Israelis will come to more than 7,000 mini paradise that we have in the Philippines.”

“So if I’m trying to answer, I think that God willing, within the next year and a half, we’ll be able to reach some progress, or even, but I cannot commit, we cannot commit to what’s going on in Israel, and at the end of the day, because it’s a decision of the airlines, we need to find ways to create the best formula that will be a win-win,” she added.

According to Kursh, there are some 30,000 or 40,000 tourists on both sides, but the “potential is tremendous.”

Cybersecurity partnership – Pointing out Israel’s expertise in technology, Kursh also said that her country has “added value” when it comes to exchanging best practices on innovation and technology, including cybersecurity.

“So, it’s both business and both tourism, we need to provide in our nations, to other next generation, we need to provide them food security and we need to provide cybersecurity and we need to provide them with health, with mental health and physical health and in all those realms and more Israelis and Filipinos can work together to have a better future for everyone,” she added.

This newest development shows the continuing growth of Israel-Philippines ties and Ambassador Kush pointed out the high-level visits of ministers from the Jewish state. In my view, the Philippines and Israel can become greater partners than they are today. Apart from travel, Israelis and Filipinos can help each other out in business, cybersecurity, and trade. We all have to pray that the Philippines and Israel will work together more closely sooner than later.

I encourage you all to pray to the Lord God in support of Israel, to love and bless the Jewish people, and pray for the peace of Jerusalem.

Always be the fearless and aggressive church of Lord Jesus!

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I Love Israel: Philippines Is A Priority Market For Israel On Tourism

November 4, 2025October 28, 2025carlocarrasco

Following the end of the 2-year war in Gaza and the return of twenty living hostages connected with US President Donald Trump’s peace plan for Gaza and the Middle East, there is now a renewed optimism in Israel particularly on tourism and that includes efforts to revive the travel sector while providing foreigners new opportunities to visit the Holy Land. Israel made clear that it sees the Philippines as a priority market on tourism, according to a news article by the Philippine News Agency (PNA).

For the newcomers reading this, I myself had visited Israel on a pilgrimage tour with my local church in 2023. You can read some of my blog posts by clicking here, here, here, here, here and here. My faith in Lord Jesus is uncompromising and I will always stand in support of Israel and its people.

To put things in perspective, posted below is an excerpt from the PNA news article. Some parts in boldface…

Israel sees the Philippines as a “priority” market in its efforts to revitalize its tourism sector, its tourism ministry said.

Intense promotions and trade engagement are underway in Asia following the “renewed travel optimism” seen after the Gaza ceasefire deal was signed this October, according to the Israel Ministry of Tourism (IMOT).

The agency, during its participation at the recent Internationale Tourismus Borse (ITB) Asia 2025 travel event in Singapore, underscored Israel’s intent to deepen ties across Asia’s high-growth travel markets and highlighted the destination’s “evolving identity that unites its heritage and modern leisure offerings.”

“The enthusiasm we’ve seen from Filipino travelers and partners at ITB Asia truly reflects how Israel remains a top bucket-list destination for many Filipinos,” Anna Oraiza Aban, marketing manager at IMOT’s Philippine office, said on Friday.

“With visa-free access for Philippine passport holders, we’re confident that more Filipinos will soon turn their dream trips into reality. The strong interest from the market and travel trade inspires us to continue developing experiences that connect deeply with Filipino travelers, whether through faith, culture, or adventure.“

In a briefer, IMOT said insights from ITB Asia 2025 will guide its regional strategy through 2026, with emphasis on joint marketing campaigns, airline collaborations, and education programs to build awareness and drive sustainable visitor growth in Asia.

Israel received 118,200 tourists in August, a 39 percent increase from July. Between January and August, it recorded 814,000 tourist arrivals, up from 672,400 in the same period last year.

“Asia has been a key market for Israel with India, Indonesia, the Philippines, China, and South Korea leading,” IMOT said.

“This steady rise shows Asia’s growing confidence and curiosity in Israel’s mix of culture, culinary, eco-conscious, wellness, and adventure travel experiences,” it added.

This newest development shows the continuing growth of Israel-Philippines ties and I am confident that new travel breakthroughs between Israel and the Philippines plus other nations in Asia will happen. That means better commercial and investment opportunities, and more people in Asia will be able to visit the Holy Land in Israel and witness the Holy Bible come to life during their visit. This also means more Asian travelers – the faithful and those who are still spiritually lost – will have golden opportunities to realize that Lord Jesus is the hope of all nations!

I encourage you all to pray to the Lord God in support of Israel, to love and bless the Jewish people, and pray for the peace of Jerusalem.

Always be the fearless and aggressive church of Lord Jesus!

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Nomura Sees 2025 Philippine Economic Growth Slowing Down To 4.7%

October 30, 2025October 29, 2025carlocarrasco

In its latest economic report, Nomura Global Markets Research sees the economic growth of the Philippines slowing down to 4.7% this and they pointed to an expected decline in government spending, according to a news report by BusinessWorld.

To put things in perspective, posted below is an excerpt from the news report of BusinessWorld. Some parts in boldface…

PHILIPPINE ECONOMIC GROWTH may slow to 4.7% this year, as government spending is expected to further decline amid the corruption investigation in infrastructure projects, Nomura Global Markets Research said.

In a report dated Oct. 27, Nomura Chief ASEAN (Association of Southeast Asian Nations) Economist Euben Paracuelles and Macroeconomic Research Analyst Yiru Chen said the gross domestic product (GDP) forecast was slashed to 4.7% this year from 5.3% previously as downside risks increased due to the corruption scandal involving flood control projects.

“This pencils in GDP growth slowing to just 4% in the second half from 5.4% in the first half and is based on the assumption that the decline in government expenditures in September will worsen in the next 3-4 months,” they said.

Nomura’s latest forecast is below the government’s 5.5-6.5% GDP growth target for the year and is slower than the 5.7% growth in 2024.

“Taking into account the sharp drop in fiscal spending in September, we think the ‘bad scenario’ on the growth impact of the ongoing corruption scandal is materializing,” they said.

Third-quarter GDP data will be released on Nov. 7.

President Ferdinand R. Marcos, Jr. had flagged anomalous flood control projects during his State of the Nation Address in late July. This sparked several investigations into alleged corruption involving lawmakers, government officials, and private contractors.

Latest Treasury data showed government expenditures declined by 7.53% in September, worsening from the 0.7% drop in August, mainly due to lower spending by the Department of Public Works and Highways. Nomura also noted that government spending declined by 2.8% in the third quarter, a reversal of 1.6% growth in the second quarter.

“Excluding interest payments and debt servicing, expenditure growth slumped even more to -10.2% y-o-y (year on year) in September from -3.5% in August, the weakest since 2020. This suggests a relatively rapid deterioration in the pace of budget disbursements after President Marcos brought to light the corruption scandal of flood control projects,” they said.

Nomura also noted that the reallocation of funds to other types of capital expenditures such as school buildings has been “challenging” to implement.

“In addition, we incorporate some spillovers into other components of domestic demand, which were also evident in these previous episodes, including household consumption spending. Our forecast continues to take into account the impact of the US tariffs, which, as we have argued before, pose significant headwinds for goods exports,” they said.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the GDP growth of the Philippines will end up below 5% for 2025 as a whole? Are you convinced that investigations and embarrassing details from flood control projects are turning away foreign investors already?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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SONAK Group Secures Lot For New Headquarters In Filinvest City

October 30, 2025November 3, 2025carlocarrasco

SONAK Group, the company that manages established brands like ASICS, Onitsuka Tiger, ABC-MART Grand Stage, Molten, Mikasa, and Bullpadel, has secured a lot along Spectrum Midway in Filinvest City for the establishment of their new headquarters in Alabang, according to a news report by the Daily Tribune and details from the company’s social media post.

SONAK Group stated: “As we build our new home in Filinvest City, we look forward to creating spaces that bring people together and reflect SONAK’s continued pursuit of excellence, innovation, and sustainable growth.”

To put things in perspective, posted below is an excerpt from the news report of the Daily Tribune. Some parts in boldface…

Filinvest City continues to cement its position as Metro South’s premier business hub with the opening of SONAK Group’s new headquarters along Spectrum Midway, a move that underscores the township’s growing appeal to both regional and multinational enterprises.

From its humble beginnings as a local merchant to becoming a regional powerhouse in sports and active lifestyle retail, SONAK Group now joins the expanding list of companies driving Filinvest City’s transformation into a center for innovation, growth, and modern living.

Managing globally recognized brands such as ASICS, Onitsuka Tiger, ABC-MART Grand Stage, Molten, Mikasa, and Bullpadel, SONAK’s relocation signals confidence in the district’s long-term vision and robust infrastructure. The company’s newly opened ASICS store at Festival Mall Alabang also strengthens its connection to the community, highlighting Filinvest City’s reputation as both a business and lifestyle destination.

“Securing this new lot in Filinvest City marks a proud milestone for SONAK,” said Anil Buxani, CEO of SONAK Land Corporation.

“It reflects not only our growth as a company but also our commitment to building a future in a community that shares our values of innovation, active lifestyles, and continuous growth.”

SONAK’s expansion is expected to generate more employment opportunities within Filinvest City’s central business district, supporting local talent and contributing to the city’s dynamic workforce.

Located across Spectrum Linear Park, Central Park, and the iconic Filinvest City landmark “The Tree,” SONAK’s headquarters situates the company at the heart of the city’s economic core. The location’s pedestrian-friendly walkways, landscaped avenues, and recreational spaces foster an environment that promotes both productivity and well-being — key aspects of Filinvest City’s live-work-play philosophy.

“Welcoming SONAK Group highlights our commitment to creating a central business district where progress and well-being go hand in hand,” said Don Ubaldo, Head of Filinvest Townships.

“Their presence adds vibrancy and innovation to our community, showcasing Filinvest City as a destination where companies grow while embracing a balanced and fulfilled lifestyle.”

This development adds credibility to Filinvest City’s status as a thriving central business district (CBD) in South Metro Manila. A few months ago, telecommunication giant PLDT confirmed it is moving its headquarters into Filinvest City.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think more corporations could be influenced by SONAK Group’s milestone to expand and establish their presence in Filinvest City in the near future? Do you think the growing number of companies moving into Filinvest City will be beneficial to the nearby apartments and condominiums which have vacant units?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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